Neptune Energy announced it has received an improved environmental, social and governance rating from Sustainalytics of 23.2, putting it in the top 3% of all oil and gas companies rated by the organisation.

In its ESG rating report, Sustainalytics states Neptune’s “overall ESG-related disclosure follows best practice, signalling strong accountability to investors and the public. The company’s ESG-related issues are overseen by the ESG Committee, suggesting that these are integrated in core business strategy. The company’s overall management of material ESG issues is strong”.

Sustainalytics’ ESG Risk Rating measures the degree to which a company’s economic value is at risk as a result of ESG factors. Its analysis is used by global investors in the development and implementation of responsible investment strategies.

Neptune’s ESG strategy sets out its ambitious target to store more carbon than is emitted from its operations and the use of its sold products by 2030. It is aligned with the UN Sustainable Development Goals.

Further details of the company’s strategy were recently published in Neptune’s 2021 Annual Report and Accounts.